March 28, 2013 |
Borrowers with solid credit were being offered 30-year fixed home loans at an average 3.57% this week, up from 3.54% a week ago, according to Freddie Mac 's latest survey. The average offering rate for a 15-year mortgage -- a popular option for those refinancing homes -- rose from 2.72% to 2.76%, the home-finance firm said Thursday. The starting rate for loans that are fixed for five years before becoming variable rose to 2.61% from 2.68%, the survey found. QUIZ: How much do you know about mortgages?
August 29, 2013 |
Fixed mortgage rates backed off this week from a two-year high, Freddie Mac said Thursday, with lenders offering the 30-year home loan at an average of 4.51% compared with 4.58% a week ago. The 15-year fixed-rate mortgage averaged 3.54%, down from 3.6%, according to Freddie Mac. Starting interest rates for popular types of variable-rate loans were up slightly, the McLean, Va., housing finance giant said. Quiz: Test your knowledge of California's economy Freddie Mac, made a ward of the government during the financial crisis, asks lenders early each week about the terms they are offering to solid borrowers with 20% down payments who pay less than 1% of the mortgage balance in upfront fees and points to the lenders.
March 21, 2013 |
Fixed mortgage rates reversed course this week and headed back down, according to Freddie Mac's latest survey , with the average rate for a 30-year fixed-rate loan dropping to 3.54% from 3.63% last week. The 15-year fixed home loan averaged 2.72%, down from 2.79% a week ago, Freddie Mac said. The survey asks mortgage originators what they are offering to solid borrowers who pay less than 1% of the loan amount in upfront lender fees. Paying extra discount points can lower the rate.
January 22, 2004 |
Freddie Mac's board of directors is partly to blame for accounting mistakes that last year prompted a $5-billion restatement of earnings, said Armando Falcon, director of the Office of Federal Housing Enterprise Oversight that supervises the company. Freddie Mac, the second-largest source of U.S. home mortgage financing, last month agreed to pay a $125-million fine after the housing agency's investigation determined the company manipulated earnings from 2000 until 2002. From Bloomberg News
March 7, 2002 |
Mortgage giant Freddie Mac dropped Andersen as its auditor after a 30-year association, the latest prestigious client to distance itself from the accounting firm tainted by the Enron Corp. scandal. The move comes less than a week after Merck & Co. dropped Andersen as its auditor and less than a month after SunTrust Banks Inc. did the same. Virginia-based Freddie Mac said its board replaced Andersen with PricewaterhouseCoopers as its independent public accountant for the year ending Dec.
March 12, 2010 |
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday. The mortgage giant's weekly survey asks lenders what rates they were offering -- and the upfront fees they would charge -- for borrowers with good credit and a 20% down payment. Upfront fees averaged 0.7% of the loan amount. The average rate offered on 15-year fixed-rate mortgages, popular as a refinance loan for borrowers wanting to pay off their mortgages faster, was 4.32%.